Firstly, asking price drops are not the same as transaction prices.
That is correct YB. But in the absence of transaction prices all anyone has to go on is asking prices and anecdotal information.
Secondly.....its always a case of supply/demand pushing up or pushing down prices.....thats all there is to it. Thats how a market works.
Correct again YB. But one estate in SCD does not a city wide market make. As has been pointed out before, there have been sales all the way up and all the way down.
Thirdly......please show me any example of a house that is selling for significantly less than its equivalent this time last year.....in the €200k to €600k category....ie Dublin family home. I've shown you two selling for considerably more.
well I can't because I cannot show you transaction prices. i can show you loads of dropped asking prices though if you like. And logic would dictate that they aint dropping them if they are getting offers on the original askings.
Transaction prices are available.....they are not publicly available, but they are available. If I am bidding on a house, and I have been told by an EA that there is €xx being bid on it.....and the following week that the bid has gone up to €xx+y......then that is a good enough inidication for me. it may not be for you, so be it.
Secondly, it is not one estate in SCD. I've provided two examples cited on the pin in the past 24 hours. If I wanted, I'm pretty sure I could dig up ten examples from the past two weeks, and that would represent houses all over the city.
Do show me loads of dropping asking prices........fire ahead. From the past two weeks, show me any dropping asking prices for Dublin house prices in the €200k to €600k category. If there are loads of them, lets see two of them please. I've been able to give you two examples of year on year price increases mentioned on the pin in the past 24 hours.